NOT LISTED FOR SALE

580 E Broad St Athens, GA 30601

Athens Area
1 Bed
-- Bath
-- Sq Ft
0.68 Acre Lot

Sale Details

Date Sold: March 14, 2025

Last sale price $10,300,000

181 Days on Market

Highlights

  • No HOA
  • Central Air
  • Heating Available
  • Clarke Central High School Rated A-

About This Home

As of March 2025

**You must be a student to rent at this property**

Historic Downtown Lofts:
At the bustling intersection of Broad and Oconee streets, Farmer’s Exchange is your gateway to campus and downtown Athens life & style! These spacious, luxury lofts are unlike any other in the downtown area offering unique floor plans from 1 to 6 bedrooms.

Floor Plans:
Each floor plan at Farmer’s Exchange is one-of-a-kind. One of Farmer’s 1 to 6 bedroom floor plans will fit your budget and group size. If you don't have roommates, no problem! We will find a space for you.

A Downtown Athens Landmark c.1897:
Rich in tradition, Farmer’s Exchange is one of the most desired options for downtown student living. Conveniently located in vibrant downtown Athens, Farmer’s Exchange is just steps away from UGA Campus and all the Classic City has to offer.

Historic Student Lofts:
Farmer’s Exchange was constructed in 1897 by Billups Phinizy, a prominent local Athenian who took part in the construction of Clarke County’s courthouse as well as The Georgian Hotel. A grocer occupied the first floor and there were offices on the second. The rear section of the building was used as a cotton warehouse. Second story additions were added later, and Farmer’s Hardware moved into the building in 1972. In 1997, Farmer’s Hardware was beautifully renovated into loft apartments with a rustic feel of exposed beam and brick. Farmer’s Exchange provides uniqueness and individuality that other downtown lofts simply can’t offer!

Last Agent to Sell the Property

Jill Swope

University Holdings Brokerage, LLC License #348350 Listed on: 08/15/2024

Last Buyer's Agent

Jill Swope

University Holdings Brokerage, LLC License #348350 Listed on: 08/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $147,655

Year Built

  • Built in 1890

Lot Details

  • 29,621 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Barrow Elementary School
  • Clarke Middle School
  • Clarke Central High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 171B7-A-001

Community Details

Overview

  • No Home Owners Association
  • 36 Units
  • Downtown Subdivision

Building Details

  • Gross Income $1,098,300
  • Net Operating Income $578,422

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$147,655

Year Built

Built in 1890

Lot Details

0.68 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1890
  • Property Sub Type: Multi Family
  • Original List Price: 11220000.00
  • Property Sub Type Additional: Multi Family
  • Special Features: None

Interior Features

  • Basement: Full, Unfinished
  • Above Grade Finished Area Units: Square Feet
  • Has Basement?: Yes
  • Stories: 2
  • Above Grade Unfinished Area Units: Square Feet
  • Below Grade Unfinished Area Units: Square Feet

Exterior Features

  • Waterfront?: No

Garage/Parking

  • Has Attached Garage?: No
  • Total Parking Spaces: 56.00

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Has Cooling?: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer Provider: Public Sewer

Condo/Co-op/Association

  • Has H O A?: No

Schools

  • Elementary School: Barrow Elementary
  • High School: Clarke Central
  • Middle Or Junior School: Clarke Middle

Lot Info

  • Lot Size Acres: 0.68
  • Parcel#: 171B7-A-001
  • Permitted Use: Public

Tax Info

  • Tax Year: 2023
  • Tax Amount: 147655

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Feb 19, 2025
Sold by
Bought by
Seller's Agent
Jill Swope
University Holdings Brokerage, LLC
Buyer's Agent
Jill Swope
University Holdings Brokerage, LLC
List Price
$11,220,000
Sold Price
$10,300,000
Premium/Discount to List
-$920,000
-8.2%

Purchase Details

Closed on
Nov 29, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,467,000
Interest Rate
0.0305%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,400,000
Interest Rate
0.046%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 6, 2012
Sold by
Bought by

Purchase Details

Closed on
May 11, 1998
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$10,300,000 --
-- --
-- --
$8,400,000 --
$3,800,000 --
$3,520,000 --
$1,400,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $7,467,000
Previous Owner $7,400,000
Previous Owner $3,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/04/2026 05/04/26 Off Market $745 -- --
04/18/2026 04/18/26 Price Changed $745 +15.5% $2 / Sq Ft
04/16/2026 04/16/26 Price Changed $645 +8.4% $2 / Sq Ft
03/13/2026 03/13/26 Price Changed $595 -7.8% $1 / Sq Ft
03/12/2026 03/12/26 Price Changed $645 +8.4% $2 / Sq Ft
03/02/2026 03/02/26 Price Changed $595 -14.4% $1 / Sq Ft
02/17/2026 02/17/26 Price Changed $695 +27.5% $2 / Sq Ft
02/04/2026 02/04/26 Price Changed $545 -24.8% $1 / Sq Ft
09/02/2025 09/02/25 Price Changed $725 -9.9% $2 / Sq Ft
08/29/2025 08/29/25 Price Changed $805 +0.6% $2 / Sq Ft
08/05/2025 08/05/25 Price Changed $800 +11.9% $2 / Sq Ft
08/05/2025 08/05/25 Price Changed $715 -55.6% $2 / Sq Ft
08/04/2025 08/04/25 Price Changed $1,610 +116.1% $4 / Sq Ft
08/02/2025 08/02/25 Price Changed $745 -66.7% $2 / Sq Ft
07/25/2025 07/25/25 Price Changed $2,235 0.0% $5 / Sq Ft
07/25/2025 07/25/25 For Rent $2,235 0.0% --
03/14/2025 03/14/25 Sold $10,300,000 0.0% --
03/05/2025 03/05/25 Off Market $1,610 -- --
02/12/2025 02/12/25 Pending -- -- --
11/05/2024 11/05/24 Price Changed $1,610 0.0% $4 / Sq Ft
08/15/2024 08/15/24 For Sale $11,220,000 0.0% --
08/01/2024 08/01/24 Price Changed $595 -16.8% $1 / Sq Ft
07/03/2024 07/03/24 Price Changed $715 +7.5% $2 / Sq Ft
05/07/2024 05/07/24 For Rent $665 -- --
Source: Hive MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $137,943 $4,304,000 $819,126 $3,484,874
2024 $142,802 $2,781,300 $819,126 $1,962,174
2023 $142,802 $2,528,455 $744,660 $1,783,795
2022 $123,793 $2,000,352 $744,660 $1,255,692
2021 $113,820 $1,893,972 $638,280 $1,255,692
2020 $115,056 $1,840,782 $585,090 $1,255,692
2019 $104,419 $1,773,192 $585,090 $1,188,102
2018 $62,899 $1,720,002 $531,900 $1,188,102
2017 $60,114 $1,720,002 $531,900 $1,188,102
2016 $45,596 $1,666,526 $425,520 $1,241,006
2015 $32,994 $1,494,250 $425,520 $1,068,730
2014 $33,041 $1,400,453 $425,520 $974,933
Source: Public Records

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Map

Source: Hive MLS

MLS Number: CM1020905

Hive MLS
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